Tillman Company Owns a Machine That Was Bought on January

Multiple Choice

Tillman Company owns a machine that was bought on January 2, 2008, for $376,000. The machine was estimated to have a useful life of five years and a salvage value of $24,000. Tillman uses the sum-of-the-years'-digits method of depreciation. At the beginning of 2011, Tillman determined that the useful life of the machine should have been four years and the salvage value $35,200. For the year 2011, Tillman should record depreciation expense on this machine of

A) $19,200.
B) $44,400.
C) $59,200.
D) $70,400.